8/18/08

Economics

Where to drill first:

http://www.powerlineblog.com/archives2/2008/08/021242.php

Why does it take so long to bring on new oil production? Hint: it has nothing to do with finding it, drilling for it and getting it to market.

http://www.reason.com/news/show/128096.html

Survey of economists on GDP growth and the odds of recession:

http://bespokeinvest.typepad.com/bespoke/2008/08/consensus-econo.html

Five ways to wreck the economy:

http://www.washingtonpost.com/wp-dyn/content/article/2008/08/17/AR2008081702079.html

Politics

Domestic

Obama on abortion:

http://article.nationalreview.com/?q=ZTBkYTYzZDNjNDgyMWJmMzMxYzljYjYxNmEwMTdhYWE=

International

More background on the Russia/Georgia conflict for those who care:

http://dealbreaker.com/2008/08/qa_on_wtf_is_going_on_with_rus.php

The Market

Technical

Fundamental

Bob Farrell’s ten rules for investing:

http://bigpicture.typepad.com/comments/2008/08/bob-farrells-10.html

Who owns the level 3 assets (the hard to trade/value securities) and how much:

http://bigpicture.typepad.com/comments/2008/08/level-three-ass.html

Warren Buffett’s current holdings:

http://bespokeinvest.typepad.com/bespoke/2008/08/buffets-berkshi.html

Subscriber Alert

Staying with our strategy to protect profits, at the Market open this morning, the Aggressive Growth Portfolio will Sell a portion of its holdings in Reliance Steel (RS-$54) and Peabody Energy (BTU-$57). This will reduce both holdings to one half positions.

http://finance.yahoo.com/q?s=RS

http://finance.yahoo.com/q?s=BTU

Options

At the Market open this morning, the following CALL options will be Sold against approximately one quarter of the designated Portfolio’s positions:

Dividend Growth Portfolio:

General Dynamics Sept 100 @ .625

Northern Trust Sept 85 @ 1.25

Aggressive Growth Portfolio:

Donaldson Sept 50 @ 1.00

Amphenol Sept 55 @ .75

Blackrock Sept 250 @ 1.50

News on Stocks in Our Portfolios

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